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Angry Icelanders may rebuff Icesave deal

By Wojciech Moskwa | China Daily | Updated: 2010-03-06 08:00

REYKJAVIK, Iceland - Icelanders are set to reject the terms for repaying Anglo-Dutch debts in a referendum on Saturday, forcing new negotiations with creditors and delaying financial aid the country needs to fix its shattered economy.

Despite the negative consequences of rejecting the deal, Icelanders are furious about what they see as overly harsh terms from Britain and the Netherlands and they are now certain they can get a much better deal.

"Some will vote 'No' to tell the world that Iceland won't accept this treatment, but studies have shown more than half believe that Iceland is ethically bound to pay back the debts," said Gudbjorg Andrea Jonsdottir, director at pollster Capacent.

Angry Icelanders may rebuff Icesave deal

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